Landrieu Calls on BP to Immediately Invest $1 Billion in Gulf Coast Protection Projects

June 2, 2010

Senator reacts to failure of ‘Top Kill’ procedure to cap well.

WASHINGTON — U.S. Senator Mary Landrieu, D-La., reacted to tonight’s announcement that British Petroleum’s (BP) “Top ‘Kill” procedure failed to cap the well that is leaking at least 5,000 barrels of oil into the Gulf of Mexico each day. She called on BP to invest $1 billion in Gulf Coast protection projects.

Sen. Landrieu said:

“The failure of the Top Kill procedure to cap the well is a devastating blow to the Gulf Coast. I call on BP to immediately invest $1 billion to protect marshes, wetlands and estuaries across the region. Half of that money should go to short-term projects that can bolster the protection of the Louisiana coast within the next 30-90 days. The other half can be divided up among Gulf Coast states based on the immediate threat posed by oil spewing from the well.

“The Federal government also must take several steps to protect the communities that take on the risk of offshore domestic oil production. In the short-term, Congress must immediately release Coastal Impact Assistance Program grants that have been mired for years in red tape. And, they also must give the Army Corps of Engineers the authority to use dredge material to bolster barrier islands that serve as a first line of defense against this oil spill and natural disasters. In the long-term, we must accelerate revenue sharing, so that Gulf Coast states get a share of the tax revenue generated by oil production off their coast. These revenues are the best way to help protect the Gulf Coast from future disasters like the one we are facing now.

“Coastal states, counties and parishes deserve to press the ‘go’ button to protect these shores from the threat posed by this disaster, and these measures are exactly what they need to be better able to take action. While we may not be able to plug the leaking well right away, there is nothing that should stop us from getting help to the Gulf Coast immediately.”

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